Distribution Date Statements Clause Samples

The Distribution Date Statements clause requires the preparation and delivery of statements detailing distributions made on specified dates. Typically, this involves providing beneficiaries or stakeholders with a summary of amounts distributed, the calculation method, and any relevant deductions or withholdings. Its core practical function is to ensure transparency and accountability in the distribution process, allowing recipients to verify the accuracy of payments and understand the basis for the amounts received.
Distribution Date Statements. [The Securities Administrator shall prepare and deliver not later than each Distribution Determination Date to [the Rating Agency,] the Depositor and the Independent Accountants appointed pursuant to Section 7.01 a statement (a “Distribution Date Statement’’) with respect to the following Distribution Date setting forth: (1) the Optimal Aggregate Regular Certificate Distribution Amount with respect to the following Distribution Date, setting forth separately (a) the aggregate amount of interest included therein and distributable on all Regular Certificates, (b) the Accrual Distribution Amount, (c) the Principal Distribution Amount, and (d) the Spread Distribution Amount, if any; (2) if such following Distribution Date is the Initial Interest Distribution Date for a Class of Accrual Certificates, the amount of interest distributable thereon on such Interest Distribution Date, the amount of principal, if any, distributable on such Class of Accrual Certificates on such Distribution Date, and the amount, if any, of accrued interest to be added to the principal of such Class of Accrual Certificates on such Distribution Date; (3) whether the amount expected to be available in the Collection Account on such Distribution Date will be sufficient to distribute on such Distribution Date the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, and, if not, the amount, if any, available to be withdrawn from the Expense Reserve Account pursuant to Section 4.02(d) and Section 4.03(c) for deposit in the Collection Account to cure any such projected insufficiency; (4) if the amount expected to be available in the Collection Account on such Distribution Date (including any amount deposited therein from the Expense Reserve Account pursuant to Section 4.02(d) and Section 4.03(c)) is less than the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, the percentages of each such amount that may be distributed in accordance with the priorities set forth in Section 5.02(d) from the amounts expected to be available in the Collection Account; (5) the amounts included in such statement pursuant to sub-clauses (a) and (c) of clause (i) above, expressed in each case per Individual Certificate, to be distributed on such Distribution Date; (6) the amounts, if any, to be withdrawn from the Expense Reserve Account and deposited in the Collection Account on the Business Day immediately preceding the following Distribut...
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Distribution Date Statements. With each distribution to an Owner pursuant to Section 6.02 hereof, Treasurer shall deliver a statement to an Officer (a “Distribution Date Statement”) setting forth, for the period since the preceding Distribution Date (or since the execution and delivery of this Agreement in the case of the first Distribution Date): (i) the amounts received by the Trust with respect to the Trust Property; (ii) the amount of fees and expenses paid to the Owner Trustee since the preceding Distribution Date; and (iii) the amounts paid to Owners.
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Distribution Date Statements. On or before each Determination Date, with respect to each outstanding Series, the Servicer will deliver to any Series Enhancers, the Rating Agencies, the Owner Trustee, the Indenture Trustee, each Noteholder and each Certificateholder a Distribution Date Statement for such Distribution Date substantially in the form set forth in the related Indenture Supplement.
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Distribution Date Statements. On each Distribution Date, the Trustee will deliver a Distribution Date Statement to the Holders, unless Certificates are registered to Cede & Co., and the Administrator. The Distribution Date Statement shall set forth, with respect to such Distribution Date: (a) the Certificate Balances of the Class B-1 Certificates and the Class B-2 Certificates, before and after Distributions of Portfolio Asset Principal; (b) Distributions of Portfolio Asset Principal made to Certificateholders on such Distribution Date; (c) Distributions of Portfolio Asset Interest made to Certificateholders on such Distribution Date; (d) Distributions of Portfolio Asset Premium made to Certificateholders on such Distribution Date; (e) the aggregate unpaid principal balance of the Portfolio Assets as of the related Record Date; and (f) the Administrative Fees paid by the Trustee since the prior Distribution Date.
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Distribution Date Statements. On each Distribution Date on which funds are being distributed pursuant to Section 4.03 hereof, the Trustee shall prepare and deliver to the Beneficial Owners and the Indenture Trustee a statement (a "Distribution Date Statement") setting forth for the period since the preceding Distribution Date (i) the amount, nature and origin of all income, proceeds, payments and collections received in each subaccount of the Distribution Account, (ii) the amounts to be paid or distributed pursuant to Section 4.03 hereof and (iii) the balances of the Trust Accounts after giving effect to the distributions made on such day.
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Distribution Date Statements. On each Certificate Distribution Date, the Trustee will make a Distribution Date Statement available to the Holders, the Custodian and the Administrator. The Distribution Date Statement shall set forth, with respect to such Certificate Distribution Date: (a) the Certificate Balances of the Certificates, before and after Certificate Principal; (b) the amount of Distributions of Certificate Principal made to the Certificateholders on such Certificate Distribution Date; (c) the amount of Distributions of Certificate Interest made to Certificateholders on such Certificate Distribution Date; (d) the aggregate unpaid principal balance of the Portfolio Assets as of the related Record Date; and (e) the Trustee Fees paid by the Trustee since the prior Certificate Distribution Date.
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Related to Distribution Date Statements

  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

  • Monthly Statements Each month we will send you a statement showing purchases, cash advances, payments, and credits made to your Account during the billing cycle, as well as your “New Balance”, any Finance Charge and any late charges. Your statement also will identify the minimum monthly payment you must make for that billing period and the date it is due. You agree to retain for statement verification copies of transaction slips resulting from each purchase, each advance, and other transactions on your Account. Unless you notify us of a billing error in accordance with the section entitled “Your Billing Rights”, you accept your monthly statement as an accurate statement of your Account with us.

  • Distribution Date 13 DTC...........................................................................................13

  • Distributions Statements to Certificateholders 28 Section 4.01. Certificate Account and Special Payments Account...................................... 28 Section 4.02. Distributions from Certificate Account and Special Payments Account................... 29 Section 4.03. Statements to Certificateholders...................................................... 30 Section 4.04. Investment of Special Payment Moneys.................................................. 31

  • Monthly Investor Report On each Payment Date, the Indenture Trustee will deliver the Monthly Investor Report to each Noteholder of record as of the most recent Record Date (which delivery may be made by e-mail to the e-mail addresses in the Note Register without need for confirmation of receipt or by making the report available to the Noteholders through the Indenture Trustee’s website, which initially is located at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇).